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Operational Risk Manager Jobs in Miami, FL (NOW HIRING)

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Operational Risk Manager information

See Miami, FL salary details

$45K

$115.4K

$226.7K

How much do operational risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for operational risk manager in Miami, FL is $115,448.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,300.00 and $152,100.00 per year, depending on experience, location, and employer.

What Does an Operational Risk Manager Do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

What are the key skills and qualifications needed to thrive as an Operational Risk Manager, and why are they important?

To thrive as an Operational Risk Manager, you need a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

What is the difference between Operational Risk Manager vs Risk Analyst?

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

What are popular job titles related to Operational Risk Manager jobs in Miami, FL? For Operational Risk Manager jobs in Miami, FL, the most frequently searched job titles are:
What job categories do people searching Operational Risk Manager jobs in Miami, FL look for? The top searched job categories for Operational Risk Manager jobs in Miami, FL are:
What cities near Miami, FL are hiring for Operational Risk Manager jobs? Cities near Miami, FL with the most Operational Risk Manager job openings:
Infographic showing various Operational Risk Manager job openings in Miami, FL as of May 2026, with employment types broken down into 2% As Needed, 82% Full Time, 11% Part Time, 1% Temporary, and 4% Contract. Highlights an 78% Physical, 4% Hybrid, and 18% Remote job distribution, with an average salary of $115,448 per year, or $55.5 per hour.

Full-time

Posted 24 days ago


Job description

Description
Job Summary
This position provides comprehensive support for the Health System's corporate insurance program, related compliance issues and claims. The position requires significant insurance knowledge, with a primary emphasis on healthcare professional liability, general liability, cyber, property, and automobile lines and claims. This position requires on-premises work at the Health System's Miami offices 2-4 days per week (as determined by operational needs).
Job Specific Duties
  • Lead end-to-end management and administration of the organization's corporate insurance programs, including healthcare professional liability, general liability, property, builder's risk, cyber, auto, workers' compensation, and other corporate insurance coverages that protect the Health System's operations, employees, and corporate assets.
  • Plan, organize and manage the renewal process for all insurance policies (except employee related insurance policies) each year to include the collection, analysis and validation of data, the preparation of applications and related documents, and other related activities to support the insurance application, renewal and audit processes.
  • Manage the identification and timely reporting of claims, potential compensable events (PCEs) and other incidents to appropriate third-party administrator, insurance broker and/or insurance carrier (directly or through designated representative), and assist/support the third-party administrator and outside counsel with the investigation of claims, PCEs or incidents (as applicable based on subject matter). Preparation and analysis of loss runs, claims reports and other related documents on scheduled basis.
  • Identify loss trends and emerging risks and collaborate with internal stakeholders on the development of risk mitigation plans.
  • Conduct regular reviews of existing coverage and policies to ensure alignment with operational needs, risk exposure, and compliance requirements; propose updates and coordinate approved changes and/or new insurance products or strategies, in collaboration with brokers, actuaries, and internal stakeholders.
  • Analyze and interpret contracts and agreements and recommend appropriate revisions to ensure insurance provisions (including subrogation and indemnification provisions) align with Health System requirements and policy terms. Support negotiation of contractual insurance provisions with contracting parties (as needed).
  • Collaborate with Legal, Supply Chain and other departments and stakeholders to integrate insurance processes and requirements into the overall business operations, including risk transfer strategies (indemnification and insurance requirements) and vendor compliance (e.g., COIs).
  • Foster and maintain a strong working relationship with the Health System's designated broker representatives and serve as primary contact between Health System personnel and broker and insurance carriers on insurance matters.
  • Stay updated on insurance industry trends, emerging technologies, and changes in regulations to provide guidance and ensure compliance.

Qualifications
Minimum Job Requirements
  • Bachelor's degree in Business, Finance, Risk Management or related field from an accredited college or university. Direct experience considered in lieu of degree requirement, with two years of direct experience per each year of required degree. This consideration is concurrent with specified required experience
  • 5+ years' direct experience in risk management and corporate insurance, with increasing responsibility.
  • 3+ years' direct experience with healthcare professional liability (e.g., medical malpractice) coverage and claims.
  • Requires on-premises work at the Health System's Miami offices 2-4 days per week (as determined by operational needs).

Knowledge, Skills, and Abilities
  • Professional certifications such as ARM, CRM or CPCU (or in progress) preferred.
  • Experience with captive programs or other self-insurance programs preferred.
  • Significant knowledge of the insurance industry, with a primary emphasis on healthcare professional liability, general liability, cyber, property and automobile lines and claims.
  • Ability to assess insurance needs and adequacy of existing insurance coverage and policy terms in alignment with operational needs and risk exposure.
  • Highly dependable, professional, integrity, and good judgment.
  • Excellent organizational skills, verbal and written communication skills; ability to interact effectively with brokers, third-party administrator(s), outside legal counsel, actuary, insurance representatives/underwriters, and all tenure levels (e.g., management and staff) across departments and business units.
  • Ability to make independent judgements, to exercise authority within established limits, and to plan, organize and prioritize own daily routine in order to complete work under deadlines and to manage multiple priorities in a fast-paced environment and to be responsive with a strong sense of urgency.
  • Strong analytical, organizational, and problem-solving skills with great attention to detail.
  • Ability to work independently and be a collaborative team member with strong interpersonal skills.
  • Ability to maintain a high level of confidentiality.
  • Experience in Microsoft 365 (Teams, Outlook, Excel, Word, Power Point) required. Experience in RL Solutions (incident reporting system), and Legal Tracker (matter management application) is a plus.
  • Proficiency in English required.